Short!!! Turks will introduce new eco packages!

Short

Euro / Turkish Lira (FOREXCOM:EURTRY)

Updated

FOREXCOM:EURTRY Euro / Turkish Lira

Trend Analysis Chart Patterns

trendanalysis chartpattern

I expect it will revisit the support line around 11.5 and stabilize around 12.

Comment:

I still believe that there is going to be an election announcement where the sharp knife may appear again. In the initial estimates it came down to 15.58 from 16.31 but again too much attack to TL to make their hand strong in the NATO discussion for Sweden and Finland. Russia may also take an action soon here to stop that USDTL attack since it is also their interest.

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